SamTrader1
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To read the Weekly technical report click here
ECONOMIC NEWS
GOP lawmakers said the House of Representatives is to vote next week on a plan to raise debt ceiling with equal cuts. Five rounds of talks this week still produced no agreement with the talks likely to resume over the weekend.
The gauge of manufacturing in New York State showed the sector unexpectedly contracted for the second month in a row. Meanwhile, US consumer prices fell slightly more than expected in June to post their biggest drop in a year on weak gasoline costs. Industrial production rose in June for the first time in three months, on a jump in utilities and mining output.
THE WEEK AHEAD
MONDAY: Treasury international capital, housing market index; Earnings from Halliburton and IBM
TUESDAY: Housing starts, Fed’s Hoenig speaks; Earnings from BofA, Coca-Cola, Goldman Sachs, J&J, Wells Fargo, Apple and Yahoo
WEDNESDAY: Weekly mortgage apps, existing home sales, oil inventories; Earnings from Altria, United Tech, Abbott Labs, Blackrock, AmEx, Intel, Qualcomm and Ebay
THURSDAY: Weekly jobless claims, Philadelhia Fed survey, money supply; Earnings from AT&T, Morgan Stanley, Nokia, PepsiCo, Freeport McMoran, Travelers, Mircrosoft, AMD and SanDisk
FRIDAY: No major economic data news expected; Earnings from Caterpillar, GE, McDonald’s, Schlumberger, Verizon, Honeywell
Binary Options analysis written by David Frank.
ECONOMIC NEWS
GOP lawmakers said the House of Representatives is to vote next week on a plan to raise debt ceiling with equal cuts. Five rounds of talks this week still produced no agreement with the talks likely to resume over the weekend.
The gauge of manufacturing in New York State showed the sector unexpectedly contracted for the second month in a row. Meanwhile, US consumer prices fell slightly more than expected in June to post their biggest drop in a year on weak gasoline costs. Industrial production rose in June for the first time in three months, on a jump in utilities and mining output.
THE WEEK AHEAD
MONDAY: Treasury international capital, housing market index; Earnings from Halliburton and IBM
TUESDAY: Housing starts, Fed’s Hoenig speaks; Earnings from BofA, Coca-Cola, Goldman Sachs, J&J, Wells Fargo, Apple and Yahoo
WEDNESDAY: Weekly mortgage apps, existing home sales, oil inventories; Earnings from Altria, United Tech, Abbott Labs, Blackrock, AmEx, Intel, Qualcomm and Ebay
THURSDAY: Weekly jobless claims, Philadelhia Fed survey, money supply; Earnings from AT&T, Morgan Stanley, Nokia, PepsiCo, Freeport McMoran, Travelers, Mircrosoft, AMD and SanDisk
FRIDAY: No major economic data news expected; Earnings from Caterpillar, GE, McDonald’s, Schlumberger, Verizon, Honeywell
Binary Options analysis written by David Frank.
